coronavirus

Shoemaker Bata India Ltd on Friday reported a consolidated net loss of Rs 100.88 crore for the first quarter ended June 2020 as sales were hit by the coronavirus-related lockdowns. According to a PTI report: The company had posted a...

While the novel Coronavirus has wreaked havoc upon the organised world, it has also ushered an opportunity for the new tides of transformation to emerge. This evidently bleak situation where businesses and institutions have suffered substantial losses on account...

Bata India Chairman Ashwani Windlass on Thursday said it has not laid off any employee so far, but admitted that there is not much clarity on “where the footwear major is heading” amid the raging COVID-19 pandemic. According to a...

The Retailers Association of India (RAI) on Thursday said the Reserve Bank of India's (RBI) move to permit a one-time restructuring of loans amid the ongoing COVID-19 crisis will support the retail industry that has witnessed significant disruption over...

Even as the larger economy has taken a hit due to the ongoing pandemic and the resultant social containment measures, the apparel industry has been particularly scrambling to stay afloat. With overflowing inventories, canceled orders and sales hitting a...

The Shopping Centre industry all over the world is a catalyst of organised retail and a major contributor to the success of major drivers of the economy including Entertainment, Fashion, Cinema, F&B, Electronics, FMCG, and many more. The onset of...

The 3rd survey conducted by CMAI amongst its members reflects the crisis the domestic garment is going through, with 74 percent of its respondents seeing a 90 percent drop in sales for the quarter ending June 2020. An additional...

Riding on surging online sales during the pandemic as people stayed home, Amazon reported solid second quarter results, registering a 40 percent increase in net sales to US$ 88.9 billion, compared with US$ 63.4 billion in the same period...

Beating the pandemic blues, Apple has posted US$ 59.7 billion in revenue for its fiscal 2020 third quarter ended June 27, an increase of 11 percent from the year-ago quarter, as iPhone sales beat the Wall Street estimates. Apple's board...

India's fast moving consumer goods (FMCG) sector is expected to witness flat growth in 2020 following severe and extended lockdowns, restrictions on manufacturing units, social distancing norms and store closures, according to data analytics firm Nielsen. Earlier, on April 30,...